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R2023-250 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Kinney Contractors, Inc. for the William Street Railroad Crossing Closure Project, City Project 2022-37, Section No. 22-00237-00-IC
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R2023-250 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Kinney Contractors, Inc. for the William Street Railroad Crossing Closure Project, City Project 2022-37, Section No. 22-00237-00-IC
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Last modified
11/22/2023 11:35:45 AM
Creation date
11/22/2023 11:30:17 AM
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Resolution/Ordinance
Res Ord Num
R2023-250
Res Ord Title
R2023-250 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Kinney Contractors, Inc. for the William Street Railroad Crossing Closure Project, City Project 2022-37, Section No. 22-00237-00-IC
Department
Public Works
Approved Date
11/20/2023
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SUPPLEMENTAL SPECIFICATIONS <br /> ' SECTION 107. LEGAL REGULATIONS AND RESPONSIBILITY TO THE PUBLIC <br /> 107.27 Insurance. Revise the first paragraph of this Article to read: <br /> "The Contractor, prior to execution of the contract, shall obtain and thereafter keep in <br /> ' force the following insurance coverages provided by companies acceptable to the City and <br /> authorized to transact business under the laws of the State of Illinois. The insurance companies <br /> shall be rated by A.M. Best& Company with a rating not lower than A- with a financial rating of <br /> VI. Coverage limits shall be written at not less than the minimum specified in this section. <br /> Higher minimum limits and additional coverage may be specified by a special provision <br /> ' elsewhere in the contract. Whether stated in this Article or elsewhere, the City does not warrant <br /> the adequacy of the types of insurance coverage or the limits of liability specified." <br />
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